Transamerica – TransWeekly Newsletter

Underwriting

Updated Trial Application Submission Guidelines As a reminder, effective January 1, 2017, trial applications will only be available on permanent products for insured ages 50-80 and with face amounts of $5 million or greater. Those that do not meet these age/face guidelines will be reviewed if the annual premium is $25,000 or greater and the anticipated premium is clearly indicated on the cover page. Trials on term products will no longer be reviewed. Trials can be submitted via the secure email platform or faxed to 800-814-2205.View the updated Trial Submission Guidelines Flyer.

 

Marketing

Updated Tax Facts Client Guide Planning for the new year? The 2017 Tax Facts Client Guide will help add value to your next client planning session. Keep the latest information at your fingertips including lifetime gift and estate tax exemptions, 2017 tax rate tables, capital gains taxes and more.

CHECK IT OUT
OperationsHoliday Office Closure In observance of upcoming holidays, the Transamerica administrative offices will be closed on:

*   Monday, January 2

*  Monday, January 16

During these closures, TransACT and MyTransmerica will be available to obtain policy information.

Helpful Information

Long Term Care Update The HIPAA per diem limit will be increasing to $360 for LTC claims that occur in calendar year 2017. The limit was $340 in 2016.

Commission

2016 Year-End Commission and Mailing Dates Keep reading to see commission cutoff dates for the 2016 tax year, as well updates on the 2017 Transamerica commission closing and statement mailing dates.

LEARN MORE

Business FormsHere is the most recent Transamerica Forms Update document, which can also be found on the TransACT home page, under the Now Available section.

Posted in Life Insurance.